Photo - SnappFoods
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SnappFoods

Canada, Toronto
Market: Food industry, Artificial Intelligence
Stage of the project: Idea or something is already done

Date of last change: 24.10.2023
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Idea

Earn cash and groceries every month by sharing pictures of your fridge while we build the holy grail of CPG consumption data and consumers save hundreds a month on their groceries

Current Status

$500k in soft commits from tier 1 brands (goal is $1M in soft commits pre-launch)
500 person closed alpha testing for validation

Problem or Opportunity

Rising cost of food and groceries in North America

Solution (product or service)

A SaaS platform based on AI/ML that allows tier 1 CPG brands to access real-time food/goods consumption/replenishment velocity data for a fee per user, and offering digital discounts and cashback in real-time for re-purchasing of goods, resulting in cheaper grocery bills for consumers

Business model

B2B revenue model where Consumer Pkgd Goods (CPG) and food brands are charged to access real-time consumption data (cheaper CAC for them) paying on a per-user basis for the data because it's targeted data to users already consuming their products
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